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China MCC Convenes Q3 2024 Operations Analysis Conference
source:Party-Masses Work Dept. Author:Publicity Sector Release time:2024-10-22
   On October 22, China MCC convened the Q3 2024 Operations Analysis Conference. Chen Jianguang, Member of the Party Leadership Group and Vice President of China Minmetals, Secretary of the Party Committee of MCC Group, and Chairman of both MCC Group and China MCC, attended the conference and delivered a speech; Bai Xiaohu, Member of the Standing Committee of the Party Committee and Vice President of MCC Group and China MCC, presided over the conference and presented the operations analysis report; Zou Hongying, Member of the Standing Committee of the Party Committee, Vice President and Chief Accountant of MCC Group and China MCC, reported on the budget execution; other members of the leadership team present at the venue also attended the conference.

  The conference systematically summarized the key achievements in the first three quarters across economic operations, marketing, project management, and the promotion of a clean and honest Party culture; it fully affirmed the strenuous efforts made by the entire company to withstand market downturn pressures, coordinate and advance inspection, rectification, and audit tasks, and focus on reform and development; it also laid out clear requirements regarding the pressures, contradictions, gaps, and deficiencies faced by the company. 

  The conference analyzed the current situation of macroeconomic policies and required all units to thoroughly study and understand the spirit of a series of important meetings, such as those of the Political Bureau of the Central Committee, research and grasp the policy orientation, take effective measures to seize opportunities, and promote the company's high-quality development to a new level. It emphasized the need to deeply understand the importance and urgency of current economic work, grasp the Party Central Committee’s efforts to stabilize expectations and boost confidence, and firmly seize the strategic opportunities presented by a series of incremental policies.   

  The conference emphasized the need to firmly implement the "Three Guarantees" and make concerted efforts to achieve a successful conclusion. First, Guarantee Task Implementation and Unwaveringly Pursue Annual Objectives. We should closely monitor comprehensive budget controls, the achievement of marketing targets, the resolution of challenging tasks, and the restoration of positive operating cash flow. Second, Guarantee Marketing and Firmly Maintain Leadership Position. We should seize policy opportunities to gain momentum, accelerate structural adjustments to gain the initiative, leverage synergistic advantages, strengthen public bidding capabilities, and enhance overseas marketing to expand market presence. Third, Guarantee Safe Operations and Unceasingly Build Robust Risk Defenses. We should intensify efforts to reduce "Two Capitals," accelerate the disposal of real estate inventories, continuously prevent liquidity risks, focus on clearing debts owed to SMEs and ensuring timely payment of migrant workers' wages, while ensuring safety production. Additionally, we should promote the implementation of central government inspection rectifications, actively cooperate with the National Audit Office audits, and continuously deepen compliance management and the promotion of a clean and honest Party culture. 

  The conference was conducted via an "on-site + video" format. Attending were the executives not part of the leadership team, other members of the working teams, key principals of subsidiaries located within MCC Building, department heads of the headquarters, and representatives participating from video sub-sites.  

Scene of the Conference

Stock information
  • MCC A股 [601618]
  • MCC H股 [01618]

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